For Sale

Nottingham – Freehold residential investment opportunity

River Crescent, Waterside Way, Nottingham, NG2 4RE

Offers in excess of £22,000,000

Property Type:
Residential
Tenure:
Freehold

Description

  • Freehold residential investment opportunity
  • Landmark development on the banks of the River Trent with uninterrupted river views
  • Trophy asset with swimming pool, gymnasium, members fitness suite, conference suite, reception and 161 undercroft car parking spaces plus 44 additional surface level visitor spaces
  • 129 luxury apartments of which 38 have been sold on long leases and 91 are remaining
  • Passing rental of £1,402,575 per annum which includes the ground rent income of £12,759 per annum
  • Strong occupancy history, currently with no voids (100% occupancy)
  • Established tenant demand from large businesses to include Boots, Nottingham Forest FC, Notts County FC and Nottinghamshire County Cricket Club
  • Opportunity to hold as a stabilised investment or a break up opportunity
  • Gross Initial Yield of approximately 6.38% on the current passing rent at the guide price which represents an attractive discount to break up pricing

Subject to contract